Zenith Drugs Limited IPO
Important Dates:-
| Particulars | Value |
|---|---|
| Open Date:- | February 19, 2024 |
| Close Date:- | February 22, 2024 |
| Allotment Date:- | February 23, 2024 |
| Listing Date:- | February 27, 2024 |
About Zenith Drugs Limited :-
Established in 2000, Zenith Drugs Limited is a pharmaceutical company dedicated to manufacturing and distributing high-quality and affordable medicines, particularly generic drugs.
The company upholds stringent quality standards, adhering to WHO-GMP guidelines and holding ISO 9001:2015 certification from a reputable EuroUK certification body.
Zenith Drugs Limited's diverse product portfolio encompasses ORS Powder, Liquid Orals, Ointments, Liquid Externals, and Capsules. With approval from the Food & Drugs Administration for over 600 products, 325 are presently in production.
In pursuit of expansion, the company is in the process of establishing a new manufacturing facility in Village Muradpura, Depalpur, Indore, Madhya Pradesh.
Zenith Drugs Limited extends its reach globally, supplying its products to various countries including Costa Rica, Malawi, Mauritius, Mozambique, Sudan, Tanzania, Bhutan, Cambodia, Tajikistan, Liberia, Sierra Leone, and Conakry in regions spanning Central America, the Caribbean, the Pacific, and Southeast Asia.
Specializing in third-party manufacturing, also known as white label manufacturing, Zenith Drugs Limited collaborates with esteemed pharmaceutical companies such as Ajanta Pharma, Bio Medical Laboratories, and Zest Pharma, among others.
As of March 31, 2023, the company boasts a workforce of 89 employees, comprising 61 on the payroll and 28 on contract, contributing to its operational efficiency and growth.
Contact Details :-
Address:- Zenith Drugs Limited K. No. 72 / 5, Village Muradpura NA Depalpur, Indore-453001
Phone:- +91 8435501867
E-mail:- info@zenithdrugs.com
Website:- https://zenithdrugs.com/
IPO Details :-
| Particulars | Value |
|---|---|
| IPO Type:- | SME |
| Price:- | ₹75 to ₹79 |
| Lot Size:- | 1600 |
| Minimum Amount for 1 Lot:- | ₹1,26,400 |
| Listing At:- | NSE SME |
| Total issue of Shares:- | 51,48,800 |
| Total issue Size:- | ₹40.68 Crore |
| Fresh issue of Shares:- | 51,48,800 |
| Fresh issue Size:- | ₹40.68 Crore |
| Face Value:- | ₹10 per Equity Share |
| Retail Quota:- | 35% |
| QIB Quota:- | 50% |
| NII Quota:- | 15% |
Financial Information :-
Amount in ₹ Lakh
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | |
|---|---|---|---|---|
| Assets | 11,249.04 | 9,793.83 | 6,858.47 | |
| Revenue | 6,948.43 | 11,569.65 | 9,266.63 | |
| Profit After Tax | 539.38 | 515.29 | 312.86 | |
| Net Worth | 2,264.96 | 1,724.42 | 1,209.09 | |
| Reserves and Surplus | 1,064.96 | 1,684.42 | 1,169.09 | |
| Total Borrowing | 2,902.81 | 2,605.03 | 1,880.86 |
Key Performance Indicator :-
| Particulars | Value |
|---|---|
| Market Cap (₹ in Crore):- | 135 |
| ROE:- | 35.13% |
| ROCE:- | 37.29% |
| Debt/Equity:- | 1.51 |
| RoNW:- | 29.88% |
IPO Registrar :-
Name:- Bigshare Services Pvt Ltd
Website:- https://ipo.bigshareonline.com/ipo_status.html
IPO Prospectus :-
| Particulars | Link |
|---|---|
| Zenith Drugs Limited IPO DHRP:- | Click Here |
| Zenith Drugs Limited IPO RHP:- | Click Here |
GMP :-
| GMP Date | GMP | Estimated Listing Price | Estimated Listing Gain |
|---|---|---|---|
| 18-02-2024 | ₹14 | ₹93 | 17.72% |
| 19-02-2024 | ₹14 | ₹93 | 17.72% |
| 20-02-2024 | ₹17 | ₹96 | 21.52% |
| 21-02-2024 | ₹20 | ₹99 | 25.32% |
| 22-02-2024 | ₹20 | ₹99 | 25.32% |
| 23-02-2024 | ₹40 | ₹119 | 50.63% |
| 24-02-2024 | ₹40 | ₹119 | 50.63% |
| 25-02-2024 | ₹40 | ₹119 | 50.63% |
| 26-02-2024 | ₹35 | ₹114 | 44.3% |
| 27-02-2024 | ₹35 | ₹114 | 44.3% |
Subscription Details :-
| Date | QIB | NII | Retail | Employee | Other | Total |
|---|---|---|---|---|---|---|
| February 19, 2024 | 0.00 | 0.99 | 3.42 | 0.99 | 0.99 | 1.92 |
| February 20, 2024 | 3.53 | 2.50 | 9.41 | 2.50 | 2.50 | 6.25 |
| February 21, 2024 | 3.54 | 7.98 | 19.42 | 7.98 | 7.98 | 12.43 |
| February 22, 2024 | 106.72 | 368.77 | 139.28 | 368.77 | 368.77 | 179.18 |
Allotment Status:-
| Particulars | Link |
|---|---|
| Check Allotment Status (available on February 23, 2024) | Click Here |
Listing Details :-
| Particulars | Value |
|---|---|
| Listing Date:- | February 27, 2024 |
| NSE Symbol :- | ZENITHDRUG |
| ISIN:- | INE0QWN01013 |
| Final Issue Price:- | ₹79.00 |
| Open:- | ₹110.00 |
| Low:- | ₹104.50 |
| High:- | ₹114.50 |
| Close:- | ₹105.15 |
Zenith Drugs Limited IPO FAQ :-
What is the opening date for Zenith Drugs Limited IPO?
The Zenith Drugs Limited IPO opens on February 19, 2024.
What is the closing date for Zenith Drugs Limited IPO?
The Zenith Drugs Limited IPO closes on February 22, 2024.
When will the shares be allotted for Zenith Drugs Limited IPO?
Shares of Zenith Drugs Limited IPO will be allotted on February 23, 2024.
What is the listing date for Zenith Drugs Limited IPO?
The listing date for Zenith Drugs Limited IPO is February 27, 2024.
What is the price/ price range for Zenith Drugs Limited IPO?
The price/ price range for Zenith Drugs Limited IPO is ₹75 to ₹79.
What is the minimum lot size for the Zenith Drugs Limited IPO?
The minimum lot size for Zenith Drugs Limited IPO is 1600 shares.
What is the minimum investment required for retail investors in the Zenith Drugs Limited IPO?
The minimum investment required for retail investors in the Zenith Drugs Limited IPO is ₹1,26,400.
What type of IPO is the Zenith Drugs Limited IPO?
The type of Zenith Drugs Limited IPO is SME.
What is the total issue size of the Zenith Drugs Limited IPO?
The total issue size of Zenith Drugs Limited IPO is ₹40.68 Crore.
How many shares are being offered in the Zenith Drugs Limited IPO?
Total 51,48,800 shares are being offered in the Zenith Drugs Limited IPO.
What is the face value of Zenith Drugs Limited IPO share?
The face value of Zenith Drugs Limited IPO share is ₹10.
What is the market capitalization of the Zenith Drugs Limited IPO?
The market capitalization of the Zenith Drugs Limited IPO is ₹135.48 Crore.
Who is the registrar for the Zenith Drugs Limited IPO?
The registrar for the Zenith Drugs Limited IPO is Bigshare Services Pvt Ltd.
Where can I check the IPO Allotment status for Zenith Drugs Limited IPO?
You can check the IPO Allotment status for Zenith Drugs Limited IPO at https://ipo.bigshareonline.com/ipo_status.html.
What is the email address and website of Zenith Drugs Limited IPO?
The email address of Zenith Drugs Limited IPO is info@zenithdrugs.com and website is https://zenithdrugs.com/.
What is the Zenith Drugs Limited IPO GMP (Grey Market Premium) as of 27-02-2024?
The latest GMP for Zenith Drugs Limited IPO is ₹35 as of 27-02-2024.